Economy

TRUMP: “Another major promise is tax reform. We’re going to massively lower taxes on the middle class, reduce taxes on American business and make our tax code more simple and much more fair for everyone, including the people and the business.
(Applause)
In anticipation of these and other changes, jobs are already starting to pour back into our [...] Continue Reading

SPICER: "I think the president’s been very clear that in the next couple weeks we expect to have a tax plan that gets out there, that is being worked on continuously. And so, I’m not going to get in front of that. While the CEOs are here, I’m sure beyond some of these things, that’s an opportunity for them to express what some of the policies are that are helping[...] Continue Reading

What's this "we" business? Trump did it, not the House or the Senate.
DOOCY: "I know you were at the White House yesterday. You were with President Trump when he signed an executive order doing what for people in your home state of Kentucky?"
PAUL: "We were excited about it. This was an overzealous federal government regulation tha[...] Continue Reading

Mexico City (AFP) - Ford is sticking with its plan to build two new factories in Mexico, despite an announcement last month that it had scrapped plans for a plant in the central state of San Luis Potosi.
The US carmaker said a planned factory[...] Continue Reading

WASHINGTON (MarketWatch) — The U.S. economy’s expansion slowed in the fourth quarter, and annual growth failed to reach 3% for an 11th straight year, reflecting the huge hurdles the Trump administration faces in trying to speed up a 7½-year-old e[...] Continue Reading

PRESIDENT TRUMP: So a company that wants to fire all of its people in the United States and build some factory someplace else and then thinks that product is going to just flow across the border into the United States, that's not going to happen. They're going to have a tax to pay, a border tax, substantial border tax. Now, some people would say that's not free trade -- [...] Continue Reading

Excerpted From CNBC: President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or "maybe more."
At the White House with 10 senior executives, he repeated his campaign pled[...] Continue Reading

Washington (CNN) - President Donald Trump said Sunday he will begin renegotiating the North American Free Trade Agreement when he meets with the leaders of Canada and Mexico.
A central promise of Trump's campaign was that he would revamp the 23-year-old tra[...] Continue Reading

SENATOR TIM SCOTT: "I think if you look at the indications on November 9 and 10, 11th in the markets, they actually saw a surge because they understood that Donald Trump was likely to invest in infrastructure, which made the markets respond positively, from my understanding. A lull in the market is not something that we ought to concern ourselves with too much right now.[...] Continue Reading

REPORTER: On trade, is the president-elect going to wait until his cabinet is all in place before beginning negotiations with Mexico and Canada on nafta? Or if the ustr and secretary of commerce are not in place, will the president contact those countries’ presidents?
SEAN SPICER: I’m not going to get ahead of him. I will tell you that he is — p[...] Continue Reading

Excerpted From The Telegraph: Britain and America will get a new trade deal “done quickly and done properly”, Donald Trump said last night as he said he would help make Brexit great.
The US president-elect praised Britain for vot[...] Continue Reading

Excerpted From Investors Business Daily: AT&T (T) could spin off cable news channel CNN as part of concessions to get Trump administration approval of its Time Warner (TWX) acquisition, speculates a Wells Fargo analyst.
AT&T, through a spokesman, decl[...] Continue Reading

MEXICO CITY (AP) -- Ford Motor Company's cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms throughout Mexico.
Even as the country is being rocked by rowdy nationwide protests aga[...] Continue Reading

Excerpted From Breitbart: As voters, Californians rejected Donald Trump. As consumers, they love him.
The Conference Board, which measures consumer confidence, reports that consumers in the Golden State are more confident that they have been since [...] Continue Reading

Just how much will robots change things?
Excerpted From The Verge: Foxconn, the Taiwanese manufacturing giant behind Apple’s iPhone and numerous other major electronics devices, aims to automate away a vast majority of[...] Continue Reading

Excerpted From Bloomberg: Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at any time in the last 13 years, according to a report Tuesday from the Ne[...] Continue Reading

Peter Navarro
Excerpted From The Financial Times: China has warned Donald Trump that “co-operation is the only correct choice” after the US president-elect tapped a China hawk to run a new White House trade policy office.
The appointment of Pe[...] Continue Reading

But let's build windmills.
Excerpted From The Daily Caller: Hydraulic fracturing generated $3.5 trillion in new wealth between 2012 and 2014 in spite of falling oil prices, according to a new study, but today’s rising prices [...] Continue Reading

Excerpted From The Washington Free Beacon: For young individuals entering the labor market today, only about half of them are earning more than their parents, according to a report produced by economists from Stanford, Harvard, and the University of California.
[...] Continue Reading

Excerpted From Bloomberg: President-elect Donald Trump's victory in the U.S. elections is a giant leap for small businesses, according to a survey of their owners.
The November reading of the National Federation of Independent Businesses' [...] Continue Reading

Excerpted From Bloomberg: Ford Motor Co. was a target of Donald Trump’s criticism on the campaign trail for building cars in Mexico, and now that Trump will be president, Ford said it’s willing to work with him to keep jobs in the U.S. -- pro[...] Continue Reading

Excerpted From The Wall Street Journal: Donald Trump took aim Friday at a second U.S. manufacturer that plans to move jobs from Indiana to Mexico, a day after he threatened consequences for business that shifted American jobs abroad[...] Continue Reading